Gold Prices Surge Following Geopolitical Uncertainties, Global Inflation

Employees process ingots of 99.99 percent pure gold at the Krastsvetmet non-ferrous metals plant, one of the world's largest producers in the precious metals industry, in the Siberian city of Krasnoyarsk, Russia, on Nov. 22, 2018. Reuters

Gold prices registered their highest levels since March 11 as uncertainties regarding the ongoing war in Ukraine increased demand for safe-haven bids while global economies face high rates of inflation and zero-tolerance COVID lockdowns have caused chaos in China, dampening its growth.

The metal has gone up over 2.71 percent since the start of the month when it was trading at $1938.04. Gold is currently at $1990.75, as of this morning. On April 11, it was hovering at 1942.61, and over the past week, has gained more than 2.17 percent.